2 Bed Flat, Refurb/BRRR, London, SW17 8AW, £400,000

Carminia Road, Balham, SW17 8AW - 3 views - 5 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£123K - £851.2K
Sold Prices/m²£1.9K/m² - £17.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.9K/m²

Value Estimate

£400,000

 

 

End Value (After Refurb)

£565,749

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£36,000

Bridging Loan Interest

£10,500

Total Cash In

£168,950

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£565,749

Agent Fees (1%)

£5,657

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£91,141

Local Sold Prices

50 sold prices from £123K to £851.2K, average is £608.8K. £1.9K/m² to £17.7K/m², average is £8.5K/m².

PriceDateDistanceAddressBeds 
£830K03/210.06 miFlat A, 51, Carminia Road, London, Greater London SW17 8AJ2
£775K12/200.06 mi42a, Childebert Road, London, Greater London SW17 8EX2
£465K10/210.1 mi75, Larch Close, London, Greater London SW12 9SX2
£675K08/230.15 mi5c, Byrne Road, London, Greater London SW12 9HZ2
£607.5K06/230.15 mi29b, Byrne Road, London, Greater London SW12 9HZ2
£665K06/230.15 mi11, Byrne Road, London, Greater London SW12 9HZ2
£637.5K04/210.16 mi34, Oakmead Road, London, Greater London SW12 9SL2
£695K09/210.18 mi19, Ravenstone Street, Balham, London, Greater London SW12 9ST2
£748K11/200.18 mi42a, Byrne Road, London, Greater London SW12 9JD2
£810K08/230.18 mi61a, Foxbourne Road, Balham, London, Greater London SW17 8EN2
£715K03/210.19 mi59a, Oakmead Road, London, Greater London SW12 9SH2
£625K06/230.19 mi48a, Fernlea Road, London, Greater London SW12 9RN2
£687.5K11/230.19 mi57, Dornton Road, London, Greater London SW12 9NF2
£575K02/230.19 mi37b, Fernlea Road, London, Greater London SW12 9RT2
£600K10/210.2 mi41b, Fernlea Road, London, Greater London SW12 9RT2
£467K02/230.2 mi41c, Fernlea Road, London, Greater London SW12 9RT2
£512K06/210.21 mi20a, Veronica Road, London, Greater London SW17 8QL2
£537K02/230.21 miFlat C, 20, Veronica Road, London, Greater London SW17 8QL2
£635K10/230.22 mi24d, Veronica Road, London, Greater London SW17 8QL2
£512K06/210.22 mi20a, Veronica Road, London, Greater London SW17 8QL2
£512K07/230.23 mi5, Manville Gardens, London, Greater London SW17 8JP2
£750K02/210.23 mi40a, Rossiter Road, London, Greater London SW12 9RU2
£670K01/210.23 miFirst Floor Flat At, 84, Fernlea Road, London, Greater London SW12 9RW2
£465K02/230.3 miFlat H23, Du Cane Court, Balham High Road, London, Greater London SW17 7JS2
£805K05/230.31 miFlat C, 15, Elmbourne Road, London, Greater London SW17 8JS2
£562.5K03/210.31 miFirst Foor Flat, 26, Marius Road, London, Greater London SW17 7QQ2
£775.5K01/210.31 mi329, Cavendish Road, London, Greater London SW12 0PQ2
£600K09/230.31 mi339, Cavendish Road, London, Greater London SW12 0PQ2
£123K04/210.32 miGround Floor Flat, 75, Laitwood Road, London, Greater London SW12 9QH2
£425K07/230.33 miFlat 32, Flowersmead, Upper Tooting Park, London, Greater London SW17 7SY2
£565K12/200.33 mi47a, Laitwood Road, London, Greater London SW12 9QN2
£550K05/230.34 miFirst Floor Flat, 21, Laitwood Road, London, Greater London SW12 9QN2
£570K11/200.34 mi289b, Cavendish Road, London, Greater London SW12 0PH2
£402K06/210.34 mi29, Ashdown Way, London, Greater London SW17 7TH2
£388K03/230.35 mi43, Hillbury Road, Balham, London, Greater London SW17 8JT2
£350K03/210.36 miFlat 16, Moira Court, Balham High Road, London, Greater London SW17 7AH2
£490K01/230.37 miFlat 13, Park Court, Balham Park Road, London, Greater London SW12 8DS2
£420K02/230.38 miFlat 34, Moira Court, Balham High Road, London, Greater London SW17 7AQ2
£685K07/230.39 mi21, Nevis Road, London, Greater London SW17 7QL2
£450K03/210.39 miFlat 71, Flowersmead, Upper Tooting Park, London, Greater London SW17 7SZ2
£851.2K08/210.41 mi41a, Louisville Road, London, Greater London SW17 8RL2
£851K08/210.41 mi41a, Louisville Road, London, Greater London SW17 8RL2
£475K09/230.41 miSecond Floor Flat, 71, Hosack Road, London, Greater London SW17 7QW2
£692K01/230.42 mi89, Haverhill Road, London, Greater London SW12 0HE2
£765K11/210.44 mi76a, Haverhill Road, London, Greater London SW12 0HB2
£675.1K06/210.44 mi72, Haverhill Road, London, Greater London SW12 0HB2
£642.5K06/210.45 mi70a, Haverhill Road, London, Greater London SW12 0HB2
£535K10/200.46 mi48, Haverhill Road, London, Greater London SW12 0HA2
£610K12/200.47 mi11a, Glenfield Road, London, Greater London SW12 0HQ2
£670K08/210.47 mi17, Glenfield Road, London, Greater London SW12 0HQ2

Local Rents

50 rents from £1.8K/mo to £5.4K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,60011/240.02 mi-2
£2,75001/250.03 mi-2
£2,20002/240.03 mi-2
£2,45003/250.04 mi-2
£2,95012/240.06 mi-2
£3,00012/240.06 mi-2
£5,43003/250.06 mi-2
£2,95010/240.06 mi-2
£2,85012/240.06 mi-2
£2,40011/240.07 mi-2
£2,40009/240.07 mi-2
£2,40009/240.09 mi-2
£1,80009/240.09 mi-2
£1,80011/240.09 mi-2
£1,75009/240.09 miBedford Hill, Balham2
£2,60709/240.1 mi-2
£2,65002/250.13 mi-2
£2,00002/250.15 mi-2
£2,60009/240.17 miElmfield Road, Balham2
£2,30009/240.17 miRitherdon Road, SW172
£1,81011/240.18 mi-2
£2,40011/240.19 mi-2
£2,60009/240.19 mi-2
£2,10003/250.19 mi-2
£2,50009/240.19 miBedford Hill, Balham, London, SW122
£2,10009/240.2 miVeronica Road, London, SW172
£2,09502/240.21 mi-2
£2,99512/240.21 mi-2
£2,50010/240.21 mi-2
£2,45003/250.21 mi-2
£2,75003/250.22 mi-2
£2,10009/240.22 miStation Parade, SW122
£2,30009/240.22 miDu Cane Court, Balham High Road, Balham, SW17 7JN2
£2,65009/240.22 mi-2
£2,49609/240.22 miRyde Vale Road, Balham, London, SW122
£2,35009/240.23 mi-2
£2,30001/250.23 mi-2
£2,50003/250.24 mi-2
£2,10003/250.24 mi-2
£2,30001/250.24 mi-2
£3,00011/240.24 mi-2
£4,75009/240.25 miThe Chapel, London, SW122
£4,75009/240.25 mi-2
£2,50009/240.25 miByrne Road, London, SW122
£2,20009/240.26 mi-2
£2,00009/240.26 miBalham High Road, London, SW172
£2,25009/240.26 miBalham High Road Balham SW172
£2,80010/240.26 mi-2
£2,01711/240.27 mi-2
£2,39609/240.27 miNightingale Lane, Balham2

Local Area Statistics

Population in SW17

64,566

Population in London

4,771,921

Town centre distance

6.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £400,000

October 25, 2024

Floor Plans

Description

  • First floor flat +
  • Generous proportions +
  • Two double bedrooms +
  • Large living room +
  • Large separate kitchen +
  • Ideal DIY project +
  • Communal garden +
  • Sough after location +

A fantastic value two double bedroom apartment in need of modernisation and could be easily converted to provide a third bedroom. An ideal DIY project, first time buy or investment.
Carminia Road is located just south of Balham station, offering the overground and underground, just a short stroll from some of the best bars, restaurants and boutique shops in South West London.

Agent Details

Kinleigh Folkard & Hayward - Sales, Balham

020 3870 5043

Next Steps?

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